Business News

Walmart protests draw crowds but shoppers undeterred

By Jessica Wohl CHICAGO | Fri Nov 23, 2012 11:52am EST CHICAGO (Reuters) - Protesters demanding higher wages and better healthcare for hourly workers thronged to Walmart stores across the country, though there was no evidence they disrupted operations for the start of the crucial holiday shopping season. OU...

23 Nov 5:12 PM 0 Read More...

EU budget summit ends without deal, retry in 2013

By Charlie Dunmore and Luke Baker BRUSSELS | Fri Nov 23, 2012 11:59am EST BRUSSELS (Reuters) - European Union leaders failed to reach agreement on Friday on a new seven-year budget for their troubled bloc, calling off talks in less than two days after most countries balked at far deeper spending cuts demanded by Britain and its allies. European Council President Her...

23 Nov 5:12 PM 0 Read More...

Stock index futures signal flat to higher open

LONDON | Fri Nov 23, 2012 4:34am EST LONDON (Reuters) - Stock index futures pointed to a flat to higher open on Friday, with futures for the S&P 500 staying flat, the Dow Jones futures up 0.3 percent and the Nasdaq 100 futures rising 0.3 percent. The market opens for a half-day business on Friday after the Thanksgiving holiday on Thursday.Shoppers took advantage of reta...

23 Nov 12:06 PM 0 Read More...

Euro, global shares gain as Greek deal seen closer

By Richard Hubbard LONDON | Fri Nov 23, 2012 6:08am EST LONDON (Reuters) - The euro hit a three-week high on Friday after an unexpected rise in German business sentiment for November and on signs of progress in efforts to help Greece secure fresh funding. Companies in Europe's powerhouse economy have turned slightly more optimistic about the outlook despite the euro...

23 Nov 12:06 PM 0 Read More...

Early start to U.S. "Black Friday" shopping frenzy

By Martinne Geller and Dhanya Skariachan NEW YORK/BLOOMINGTON, Minnesota | Fri Nov 23, 2012 6:53am EST NEW YORK/BLOOMINGTON, Minnesota (Reuters) - The U.S. shopping frenzy known as "Black Friday" kicked off at a more civilized hour, with some shoppers welcoming decisions by retailers such as Target Corp and Toys R Us Inc moving their openings earlier into Thursday n...

23 Nov 12:06 PM 0 Read More...

Asia shares set for best week in 2 months as outlook improves

By Alex Richardson SINGAPORE | Fri Nov 23, 2012 1:17am EST SINGAPORE (Reuters) - Asian shares rose on Friday and were on course for a weekly gain of more than 2.5 percent, their best in two months, after manufacturing surveys from the world's biggest economies raised hopes that the global growth outlook is improving at last. The euro was also enjoying a positive wee...

23 Nov 7:06 AM 0 Read More...

"Black Friday" on Thursday starts holiday shopping

By Martinne Geller and Phil Wahba NEW YORK | Fri Nov 23, 2012 12:02am EST NEW YORK (Reuters) - Shoppers took advantage of retailers offering a Thursday night start to the traditional post-Thanksgiving holiday shopping season, lining up at stores to get deals on electronics and other items or to just see what the fuss was about. "I like watching the insanity, honestl...

23 Nov 7:06 AM 0 Read More...

Wal-Mart India unit suspends CFO, others pending bribery probe

MUMBAI | Fri Nov 23, 2012 12:35am EST MUMBAI (Reuters) - The Indian joint venture of Wal-Mart Stores Inc (WMT.N) has suspended its chief financial officer and other employees as it investigates alleged violations of U.S. anti-bribery laws, a development that could hamper India's efforts to open its domestic supermarket sector to foreign investment. Wal-Mart, the world's lar...

23 Nov 7:06 AM 0 Read More...

Global shares set for weekly gain as outlook improves

By Alex Richardson SINGAPORE | Thu Nov 22, 2012 7:37pm EST SINGAPORE (Reuters) - Asian shares marked time on Friday but were on course for a weekly gain of nearly 2 percent, after manufacturing surveys from China and the United States raised hopes that the global growth outlook is improving at last. The euro was also enjoying a positive week, despite data on Thursda...

23 Nov 2:03 AM 0 Read More...

Global shares gain as global economic outlook improves

By Richard Hubbard LONDON | Thu Nov 22, 2012 10:12am EST LONDON (Reuters) - World share markets extended a week-long rally on Thursday as manufacturing surveys in China and the United States boosted confidence in global growth and euro zone data at least did not worsen the already weak outlook for that region. The euro hit a three high against the dollar on optimism...

22 Nov 3:52 PM 0 Read More...